Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market Analysis APAC,Europe,North America,South America,Middle East and Africa - US,China,Japan,India,Germany - Size and Forecast 2024-2028

Published: Jan 2024 Pages: 185 SKU: IRTNTR45605

Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market Forecast 2024-2028 

The automotive heating, ventilation, and air conditioning (HVAC) compressor market size is forecast to increase by USD 6.32 billion, at a CAGR of 7.68% between 2023 and 2028. The primary catalyst propelling market expansion is the increasing adoption of HVAC systems in trucks. While nearly 100% penetration is observed in the passenger car segment, the commercial vehicle sector, particularly trucks, shows promise for volume growth. Additionally, global demand for trucks is on the rise, notably in regions like China, India, the US, and various European countries, witnessing a surge in light-duty trucks such as pickups, medium, and heavy-duty trucks. A notable trend shaping market dynamics is the rising popularity of low-noise HVAC compressors, driven by technological advancements like electric powertrains, contributing to increased complexity in the automotive HVAC compressor landscape.

This necessitates continuous innovation in product design among manufacturers to maintain a competitive edge in the market. Polestar, Cadillac, Gentherm, Marelli Corporation, Hanon System, and Valeo are some of the key players contributing to advancements in the global automotive heating, ventilation, and air conditioning (HVAC) market. They offer a wide range of components and technologies, including the MOTIX motor control kit, BLDC motor, and indoor air quality (IAQ) purification system, catering to the diverse needs of passenger cars and commercial vehicles alike.

What will be the size of the Automotive Heating, Ventilation, And Air Conditioning (HVAC) Compressor Market During the Forecast Period?

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What is the Largest-Growing Segments in the Market?

The passenger cars segment is estimated to witness significant growth during the forecast period. The penetration of automotive HVAC compressors in the passenger cars segment is almost 100%, as almost all automakers have started equipping their passenger cars with HVAC systems. Therefore, the growth of the global automotive HVAC compressor market by passenger cars is based on the increase in the production of passenger cars.

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The passenger cars segment was the largest segment and was valued at USD 8.16 billion in 2018. Furthermore, several vehicle manufacturers are working towards improving their product lineup with electric powertrain-based vehicles by introducing HEVs. For instance, Volkswagen AG (Volkswagen) has announced to launch of about 70 new electric vehicle (EV) models over the next ten years ending 2030. Thus, such initiatives from vehicle manufacturers will shift the demand for HVAC compressors from the belt-driven type to electric HVAC compressors, driving the automotive HVAC compressor market growth during the forecast period. 

Which are the Key Regions for the Market?

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APAC is estimated to contribute 55% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In APAC, the passenger cars segment witnesses almost 100% penetration of HVAC systems. Hence, it is the major revenue-generating segment for the automotive HVAC compressor market in APAC. The increasing penetration rate of HVAC systems in the commercial vehicles segment is also supporting the growth of the automotive heating, ventilation, and air conditioning compressor market in APAC.

Moreover, the region will witness a rapid adoption of HEVs, PHEVs, and BEVs, particularly in China, Japan, and South Korea. This is expected to drive down the demand for electric compressors, which will contribute to the growth of the automotive HVAC compressor market in APAC. Besides, the demand for ICE-based passenger cars is expected to decline in APAC during the forecast period. However, the increasing demand for ICE-based commercial vehicles is expected to maintain the demand for conventional belt-driven automotive HVAC compressors in APAC. Therefore, the regional automotive heating, ventilation, and air conditioning compressor market is expected to witness positive growth during the forecast period.

Market Dynamics and Customer Landscape 

The pivotal driver behind market expansion is the increasing integration of HVAC systems in trucks, a trend already ubiquitous in the passenger car segment. Consequently, the global market is poised for volumetric growth, particularly with the rising adoption of these systems in commercial vehicles, notably trucks. Additionally, there's a burgeoning demand for trucks worldwide, especially in regions like China, India, the US, and various European countries, witnessing a surge in light-duty trucks such as pickups, medium, and heavy-duty trucks. A prominent trend shaping market dynamics is the surging popularity of low-noise HVAC compressors, driven by technological advancements like electric powertrains.

However, this evolution introduces complexities, notably increased noise levels, especially in HEVs, PHEVs, and BEVs, due to the active presence of electric motors and heat pumps during operation. Moreover, fluctuating prices of HVAC compressor raw materials pose a significant challenge, impacting market growth and prompting strategic measures like long-term contracts with suppliers among key market players to mitigate the effects of price fluctuations, while smaller players struggle to implement such measures. Polestar, Cadillac, Gentherm, Marelli Corporation, Hanon System, and Valeo are prominent contributors to technological advancements in the Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market, offering a wide array of components and solutions such as the MOTIX motor control kit and Indoor Air Quality (IAQ) Purification System, catering to diverse vehicle types and distribution channels.

Key Market Driver

Increasing adoption of HVAC systems in trucks is the key factor driving market growth. These systems witness almost 100% penetration in the passenger car segment. Therefore, the global market will witness growth in terms of volume, with the increase in the adoption of these systems in commercial vehicles, especially trucks. Moreover, the demand for trucks is witnessing growth across the globe. The adoption of light-duty trucks, such as pickup trucks and medium- and heavy-duty trucks, is consistently growing in China, India, the US, and several European countries.

In addition, truck manufacturers are increasingly installing these systems in truck cabins as an option at a less additional cost. Additionally, regulatory pressures on enhancing truck cabins with comfortable ambiance for driving are also increasing the adoption of these systems in trucks. Thus, such factors that are increasing the adoption of these systems in trucks, coupled with the rising demand for trucks across the globe, are expected to drive market growth during the forecast period.

Significant Market Trends

The increasing popularity of low-noise HVAC compressors is the primary trend shaping market growth. In alignment with current market trends and analysis, the automotive HVAC compressor landscape is undergoing increased complexity, primarily fueled by technological advances like electric powertrains. This has resulted in increased noise in these compressors, especially in HEVs, PHEVs, and BEVs, due to the presence of electric motors and heat pumps that have to be active during the operation. In addition, the demand for these systems is steadily increasing, which is compelling manufacturers to continuously innovate in terms of product design to sustain in the market with a competitive advantage.

Consequently, such continuous innovation in the market has led to the development of low-noise automotive HVAC compressors. For instance, Valeo is concentrating on developing compact and quiet electric HVAC compressors for HEVs and BEVs. In addition to reduced noise, these compressors improve interior comfort and cool down the battery during quick charging. The increasing popularity of such low-noise electric compressors among manufacturers is expected to support the growth of the market during the forecast period.

Major Market Challenge

Fluctuating prices of HVAC compressor raw materials is a challenge that affects market growth. Stainless steel, iron, bronze, and copper are the major raw materials used in the manufacturing of HVAC equipment, which are directly associated with impacts on the global market. The prices of these raw materials depend on factors such as inflation, production, and supply. Many key market players enter into long-term contracts with suppliers to lower the impact of the fluctuations in raw material prices on their business operations. However, small market players cannot enter into such contracts.

The scarcity of raw materials is a significant challenge for the overall market. In addition, most market players procure industrial-grade motors and compressors from component providers. Fluctuations in the prices and availability of raw materials negatively affect and reduce the profitability of market players, which, in turn, will impede the growth of the global market during the forecast period.

Key Market Customer Landscape

The market research report includes the adoption lifecycle of the market growth and forecasting, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • DENSO Corp.: The company offers automotive heating, ventilation, and air conditioning compressor such as DENSO RV HVAC system which is a fully integrated heating and cooling system for RV interiors.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Aotejia New Energy Technology Co. Ltd
  • AutoAirOnline
  • ESTRA Automotive Systems Co. Ltd.
  • Hanon Systems
  • HELLA GmbH and Co. KGaA
  • Japan Climate Systems Corp.
  • MAHLE GmbH
  • Marelli Holdings Co. Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Ningbo Anchor Auto Parts Co. Ltd.
  • OMEGA Environmental Technologies
  • R and Y AC Compressors
  • Sanden Corp.
  • Smiths Manufacturing Pty Ltd.
  • Subros Ltd.
  • Toyota Industries Corp.
  • Valeo SA
  • Zhejiang Santian A/C Compressor Co. Ltd.
  • ERAE AMS

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market is witnessing a significant surge in demand driven by the growing concern over global warming and the need for enhanced indoor air quality (IAQ) purification systems. Key players such as Polestar, Cadillac, and Gentherm are leading the charge, introducing innovative solutions like the MOTIX motor control kit and BLDC motor for improved cabin climate and comfort.

As part of the Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market, this segment caters to diverse vehicle types, including medium- to heavy-duty trucks, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). The market offers various compressor options, such as variable displacement and fixed displacement, to meet the specific needs of different OEMs (Original Equipment Manufacturers).

Marelli Corporation and Highly Marelli Holdings are among the prominent players dominating the market, offering solutions that prioritize energy efficiency and smart climate control. Both OEMs and aftermarket segments benefit from the availability of these advanced HVAC compressor systems.

Innovations like CO2 (R744) refrigerant and distribution channels ensure that the market stays competitive and responsive to evolving consumer demands. Detailed insights provided by market reports aid vendors in making informed decisions to capitalize on emerging opportunities in this rapidly growing sector.

Segment Overview

The market analysis and report forecast market research and growth by revenue at global, regional & country levels and provides an analysis of the latest market growth and trends from 2018 to 2028. 

  • Application Outlook
    • Passenger cars
    • LCVs
    • MCVs and HCVs
  • Type Outlook
    • Swash plate compressors
    • Scroll compressors
    • Rotary compressors
    • Reciprocating compressors
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Automotive Heating, Ventilation, And Air Conditioning (HVAC) Compressor Market Scope

Report Coverage

Details

Page number

185

Base year

2023

Historic period

 2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.68%

Market growth 2024-2028

USD 6.32 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

7.22

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 55%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Aotejia New Energy Technology Co. Ltd, AutoAirOnline, DENSO Corp., ESTRA Automotive Systems Co. Ltd., Hanon Systems, HELLA GmbH and Co. KGaA, Japan Climate Systems Corp., MAHLE GmbH, Marelli Holdings Co. Ltd., Mitsubishi Heavy Industries Ltd., Ningbo Anchor Auto Parts Co. Ltd., OMEGA Environmental Technologies, R and Y AC Compressors, Sanden Corp., Smiths Manufacturing Pty Ltd., Subros Ltd., Toyota Industries Corp., Valeo SA, Zhejiang Santian A/C Compressor Co. Ltd., and ERAE AMS

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global automotive heating, ventilation, and air conditioning (HVAC) compressor market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global automotive heating, ventilation, and air conditioning (hvac) compressor market 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Passenger cars - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Passenger cars - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Passenger cars - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Passenger cars - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Passenger cars - Year-over-year growth 2023-2028 (%)
    • 6.4 LCVs - Market size and forecast 2023-2028
      • Exhibit 38: Chart on LCVs - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on LCVs - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on LCVs - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on LCVs - Year-over-year growth 2023-2028 (%)
    • 6.5 MCVs and HCVs - Market size and forecast 2023-2028
      • Exhibit 42: Chart on MCVs and HCVs - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on MCVs and HCVs - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on MCVs and HCVs - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on MCVs and HCVs - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 48: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 50: Chart on Comparison by Type
      • Exhibit 51: Data Table on Comparison by Type
    • 7.3 Swash plate compressors - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Swash plate compressors - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Swash plate compressors - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Swash plate compressors - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Swash plate compressors - Year-over-year growth 2023-2028 (%)
    • 7.4 Scroll compressors - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Scroll compressors - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Scroll compressors - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Scroll compressors - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Scroll compressors - Year-over-year growth 2023-2028 (%)
    • 7.5 Rotary compressors - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Rotary compressors - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Rotary compressors - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Rotary compressors - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Rotary compressors - Year-over-year growth 2023-2028 (%)
    • 7.6 Reciprocating compressors - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Reciprocating compressors - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Reciprocating compressors - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Reciprocating compressors - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Reciprocating compressors - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by Type
      • Exhibit 68: Market opportunity by Type ($ billion)
      • Exhibit 69: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 Japan - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 India - Market size and forecast 2023-2028
      • Exhibit 111: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ billion)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 Aotejia New Energy Technology Co. Ltd
              • Exhibit 123: Aotejia New Energy Technology Co. Ltd - Overview
              • Exhibit 124: Aotejia New Energy Technology Co. Ltd - Product / Service
              • Exhibit 125: Aotejia New Energy Technology Co. Ltd - Key offerings
            • 12.4 DENSO Corp.
              • Exhibit 126: DENSO Corp. - Overview
              • Exhibit 127: DENSO Corp. - Business segments
              • Exhibit 128: DENSO Corp. - Key news
              • Exhibit 129: DENSO Corp. - Key offerings
              • Exhibit 130: DENSO Corp. - Segment focus
            • 12.5 ERAE AMS
              • Exhibit 131: ERAE AMS - Overview
              • Exhibit 132: ERAE AMS - Product / Service
              • Exhibit 133: ERAE AMS - Key offerings
            • 12.6 ESTRA Automotive Systems Co. Ltd.
              • Exhibit 134: ESTRA Automotive Systems Co. Ltd. - Overview
              • Exhibit 135: ESTRA Automotive Systems Co. Ltd. - Product / Service
              • Exhibit 136: ESTRA Automotive Systems Co. Ltd. - Key offerings
            • 12.7 Hanon Systems
              • Exhibit 137: Hanon Systems - Overview
              • Exhibit 138: Hanon Systems - Business segments
              • Exhibit 139: Hanon Systems - Key offerings
              • Exhibit 140: Hanon Systems - Segment focus
            • 12.8 HELLA GmbH and Co. KGaA
              • Exhibit 141: HELLA GmbH and Co. KGaA - Overview
              • Exhibit 142: HELLA GmbH and Co. KGaA - Business segments
              • Exhibit 143: HELLA GmbH and Co. KGaA - Key news
              • Exhibit 144: HELLA GmbH and Co. KGaA - Key offerings
              • Exhibit 145: HELLA GmbH and Co. KGaA - Segment focus
            • 12.9 Japan Climate Systems Corp.
              • Exhibit 146: Japan Climate Systems Corp. - Overview
              • Exhibit 147: Japan Climate Systems Corp. - Product / Service
              • Exhibit 148: Japan Climate Systems Corp. - Key offerings
            • 12.10 MAHLE GmbH
              • Exhibit 149: MAHLE GmbH - Overview
              • Exhibit 150: MAHLE GmbH - Business segments
              • Exhibit 151: MAHLE GmbH - Key news
              • Exhibit 152: MAHLE GmbH - Key offerings
              • Exhibit 153: MAHLE GmbH - Segment focus
            • 12.11 Marelli Holdings Co. Ltd.
              • Exhibit 154: Marelli Holdings Co. Ltd. - Overview
              • Exhibit 155: Marelli Holdings Co. Ltd. - Product / Service
              • Exhibit 156: Marelli Holdings Co. Ltd. - Key news
              • Exhibit 157: Marelli Holdings Co. Ltd. - Key offerings
            • 12.12 Mitsubishi Heavy Industries Ltd.
              • Exhibit 158: Mitsubishi Heavy Industries Ltd. - Overview
              • Exhibit 159: Mitsubishi Heavy Industries Ltd. - Business segments
              • Exhibit 160: Mitsubishi Heavy Industries Ltd. - Key news
              • Exhibit 161: Mitsubishi Heavy Industries Ltd. - Key offerings
              • Exhibit 162: Mitsubishi Heavy Industries Ltd. - Segment focus
            • 12.13 Ningbo Anchor Auto Parts Co. Ltd.
              • Exhibit 163: Ningbo Anchor Auto Parts Co. Ltd. - Overview
              • Exhibit 164: Ningbo Anchor Auto Parts Co. Ltd. - Product / Service
              • Exhibit 165: Ningbo Anchor Auto Parts Co. Ltd. - Key offerings
            • 12.14 OMEGA Environmental Technologies
              • Exhibit 166: OMEGA Environmental Technologies - Overview
              • Exhibit 167: OMEGA Environmental Technologies - Product / Service
              • Exhibit 168: OMEGA Environmental Technologies - Key offerings
            • 12.15 Sanden Corp.
              • Exhibit 169: Sanden Corp. - Overview
              • Exhibit 170: Sanden Corp. - Business segments
              • Exhibit 171: Sanden Corp. - Key offerings
              • Exhibit 172: Sanden Corp. - Segment focus
            • 12.16 Toyota Industries Corp.
              • Exhibit 173: Toyota Industries Corp. - Overview
              • Exhibit 174: Toyota Industries Corp. - Business segments
              • Exhibit 175: Toyota Industries Corp. - Key news
              • Exhibit 176: Toyota Industries Corp. - Key offerings
              • Exhibit 177: Toyota Industries Corp. - Segment focus
            • 12.17 Valeo SA
              • Exhibit 178: Valeo SA - Overview
              • Exhibit 179: Valeo SA - Business segments
              • Exhibit 180: Valeo SA - Key news
              • Exhibit 181: Valeo SA - Key offerings
              • Exhibit 182: Valeo SA - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 183: Inclusions checklist
                • Exhibit 184: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 185: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 186: Research methodology
                • Exhibit 187: Validation techniques employed for market sizing
                • Exhibit 188: Information sources
              • 13.5 List of abbreviations
                • Exhibit 189: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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